The Chilean risk regulator has started 2017 by approving 14 new funds for sale to its institutional investors and struck off two others.
Most of the funds the Comisión Clasificadora de Riesgo (CCR) approved in its January update are from Swiss group UBP (also known as UBAM) and German firm Allianz Global Investors.
The CCR is the regulator which rates and approves the instruments Chile’s six pension giants are able to invest in.
The approved list also included funds from BNP Paribas, Edmond de Rotshchild AM, Fullerton Fund Management and Man Group.
This month only two funds were struck off its list, the JPMorgan Fund ICVC - JPM Europe Fund following a request from the asset manager and the Ucits-compliant BlackRock Emerging Markets Equity Income fund as the regulator deemed it’s ‘ownership to be too concentrated’.
Below is a list of the approved funds:
|Allianz Dynamic Asian High Yield Bond||Mark Tay|
|Allianz Euro High Yield Bond||Alexandre Caminade|
|Allianz Japan Equity||Kazuyuki Terao|
|Allianz US Short Duration High Income Bond||Doug Forsyth, James Dudnick, Steven Gish|
|BNP Paribas L1 - Multi-Asset Income||Bart van Poucke|
|BNP Paribas L1 - Sustainable Active Allocation||N/A|
|Edmond de Rothschild Fund - Bond Allocation||N/A|
|Fullerton Lux Funds - Asian Bonds||Patrick Yeo|
|Man GLG Global Emerging Markets Debt Total Return||Guillermo Ossés|
|UBAM Corporate US Dollar Bond||Christel de Rendu de Lint, Philippe Gräub|
|UBAM Emerging Market Corporate Bond||Denis Girault|
|UBAM Europe Equity||Scott Meech, Rob Jones|
|UBAM Global High Yield Solution||Christel de Rendu de Lint, Philippe Gräub|
|UBAM Swiss Equity||Martin Moeller, Eleanor Taylor Jolidon|